Argentina Inflation Rate MoM2014-2020 Data | 2021-2022 Forecast | Calendar

The monthly inflation rate in Argentina declined sharply to 1.5 percent in April 2020 from 3.3 percent in March, below market expectations of 1.8 percent. Softer decline was mainly explained by subdued demand-side pressures due to the national lockdown to curb the pandemic. The increase was mainly explained by a decrease in inflation for food & non-alcoholic beverages prices (3.2 percent vs 3.9 percent in March). Meantime, education prices dropped 1.5 percent after soaring 17.5 percent in March, while prices of clothing & footwear rose by 1.5 percent after climbing 4.2 percent. Also, prices for communication declined 4.1 percent in the month and prices for utilities remained unchanged. On an annual basis, the inflation rate was 45.6 percent compared to 48.4 percent, falling for the fourth straight month.

The monthly inflation rate in Argentina increased to 3.3 percent in March 2020 from 2 percent in January. The increase was mainly explained by a rise in food & non-alcoholic beverages prices (3.9 percent vs 2.7 percent in February), particularly vegetables, and tomato. Meantime, education prices soared 17.5 percent after climbing 1.4 percent, while prices of clothing & footwear rose by 4.2 percent (vs 2.4 percent). In contrast, prices of restaurants & hotels increased 2.2 percent after rising 3.1 percent, possibly explained by lower demand as the coronavirus outbreak curbed social consumption. On an annual basis, the inflation rate was 48.4 percent compared to 50.3 percent in the previous month, the lowest in more than a year.

The monthly inflation rate in Argentina fell to 2 percent in February 2020 from 2.3 percent in January. It was the lowest monthly inflation rate since July last year, due to a slowdown in cost of food & non-alcoholic beverages (2.7 percent vs 4.7 percent in January); restaurants & hotels (3.1 percent vs 4.2 percent); miscellaneous goods & services (2.4 percent vs 3.1 percent); and recreation & culture (2.2 percent vs 5 percent). Meanwhile, prices rose further for transport (1.6 percent vs 1.5 percent); clothing & footwear (2.4 percent vs 1.1 percent); communication (2.3 percent vs 0.1 percent) and education (1.4 percent vs 0.5 percent). Also, cost rebounded for health (0.4 percent vs -2 percent) and furnishings & household equipment (2.1 percent vs -1.3 percent); and inflation was steady for housing & utilities (at 0.6 percent). On an annual basis, the inflation rate was at 50.3 percent, the lowest in over a year.

The monthly inflation rate in Argentina declined to 2.3 percent in January 2020 from 3.7 percent in December and well below market expectations of 3.3 percent, as frozen tariffs announced by the new federal administration begin to curb inflation. It was the lowest inflation rate since July, as prices fell for health (-2 percent vs 5.6 percent in December) and furnishings & household equipment (-1.3 percent vs 5.4 percent). Also, prices eased for transport (1.5 percent vs 5 percent); clothing & footwear (1.1 percent vs 2.4 percent); housing & utilities (0.6 percent vs 2.1 percent); miscellaneous goods & services (3.1 percent vs 3.6 percent); and education (0.5 percent vs 2 percent). Meanwhile, cost of food & non-alcoholic beverages rose further (4.7 percent vs 3.1 percent). In the Great Buenos Aires region, prices increased 1.9 percent, slowing from a 3.8 percent gain in December. On an annual basis, the inflation rate in Argentina was at 52.9 percent, down from 53.8 percent December.